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House Bill 4861
119th Congress(2025-2026)
Working Waterfront Disaster Mitigation Tax Credit Act
Introduced
Introduced
Introduced in House on Aug 1, 2025
Overview
Text
Bill Intelligence

The "Working Waterfront Disaster Mitigation Tax Credit Act" proposes a tax credit for investments in disaster mitigation projects on working waterfront properties. The credit is 30% of qualified investments, limited to $300,000 with an inflation adjustment. Project must comply with specific codes and mitigate hazards like structural elevation, flood risk, shoreline stabilization, floodproofing, retrofitting, and warning systems. The credit applies to properties supporting water-related businesses with annual gross receipts below $47,000,000. The bill also includes amendments to the Investment Credit and offers payments to US possessions with respective tax systems. These provisions would be effective for taxable years ending after December 31, 2025.

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AI-generated from the bill text (Introduced in House)
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Introduced
Aug 1, 2025
Latest Action
Aug 1, 2025
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4861
Congress
119
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
Chellie Pingree
Maine
Republican
Greg Murphy
North Carolina
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary
Unavailable
Text (1)
Introduced in House
August 1, 2025
Related Bills (1)
Jul 30, 2025
Introduced in Senate
2
Sponsorship
Senate Bill 2538
Working Waterfront Disaster Mitigation Tax Credit Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (2)
08/01/2025
Referred to the House Committee on Ways and Means.
08/01/2025
Introduced in House
Graphics
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H.R.4861 119 Working Waterfront Disaster Mitigation Tax Credit Act
Public Record
Record Updated
Jan 10, 2026 7:23:07 AM
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